News Article

DOE Announces $16 Million Investment in Wave and Tidal Energy

The U.S. Department of Energy (DOE) has announced funding for 17 projects which capture energy from waves, tides, and currents. The latest assessments of wave and tidal energy resources conducted by the DOE identified the potential for up to 1400 terawatt hours of generation per year. The $16 million invested by DOE will increase power production from wave and tidal sources, and provide more information on how these technologies interact with the surrounding environment. A full list of the approved projects can be viewed here.